deliberate
Navy ORM is a 5 step process, applied using 4 principles, at 3 levels. 5 steps are: Identify hazards , Assess hazards, Make risk decisions , Implement controls , Supervise (and watch for changes).
Make risk control decisions and implement control measures
The first step of the Coast Guard's Operational Risk Management (ORM) process is to identify hazards. This involves recognizing potential risks that could adversely affect operations or personnel. By systematically identifying these hazards, the Coast Guard can assess and mitigate risks effectively in subsequent steps of the ORM process.
Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise
costs versus benefits are reviewed focusing on improvements in mission performance.
What is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity
The Navy's five steps to Operational Risk Management (ORM) are: Identify Hazards - Recognize potential hazards that could impact mission success. Assess Hazards - Evaluate the risks associated with those hazards in terms of severity and probability. Make Risk Decisions - Determine whether the benefits of the operation outweigh the risks and decide on necessary controls. Implement Controls - Put in place measures to mitigate or eliminate risks. Supervise and Review - Continuously monitor the effectiveness of controls and reassess risks throughout the operation.
Designate lines of accountability and support.
Four
Supervise, Review, and Feedback
A necessary risk with benefits that outweigh the costs.